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UMMA vs. ISWD.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

UMMA vs. ISWD.L

Last updated Apr 1, 2026

Compare and contrast key facts about Wahed Dow Jones Islamic World ETF (UMMA) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L).

UMMA and ISWD.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. UMMA is a passively managed fund by Wahed that tracks the performance of the Dow Jones Islamic Market International Titans 100 Index. It was launched on Jan 6, 2022. ISWD.L is a passively managed fund by iShares that tracks the performance of the MSCI World Islamic Index. It was launched on Dec 7, 2007. Both UMMA and ISWD.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

UMMA vs. ISWD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wahed Dow Jones Islamic World ETF (UMMA) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L). The values are adjusted to include any dividend payments, if applicable.

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UMMA vs. ISWD.L - Yearly Performance Comparison

2026 (YTD)2025202420232022
UMMA
Wahed Dow Jones Islamic World ETF		3.94%26.65%4.67%18.84%-21.62%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		-0.67%20.00%6.05%23.43%-10.36%
Different Trading Currencies

UMMA is traded in USD, while ISWD.L is traded in GBp. To make them comparable, the ISWD.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, UMMA achieves a 3.94% return, which is significantly higher than ISWD.L's -0.67% return.

UMMA

1D
3.86%
1M
-11.22%
YTD
3.94%
6M
11.67%
1Y
30.32%
3Y*
13.86%
5Y*
—
10Y*
—

ISWD.L

1D
0.42%
1M
-6.45%
YTD
-0.67%
6M
4.26%
1Y
25.15%
3Y*
13.16%
5Y*
9.74%
10Y*
10.24%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Wahed Dow Jones Islamic World ETF

iShares MSCI World Islamic UCITS ETF USD (Dist)

Often compared with UMMA:
UMMA vs. SPWOUMMA vs. SPUSUMMA vs. HLALUMMA vs. SPTEUMMA vs. SPSKUMMA vs. DIAUMMA vs. SPRE
Often compared with ISWD.L:
ISWD.L vs. IGDA.LISWD.L vs. SPUSISWD.L vs. HLALISWD.L vs. VOOISWD.L vs. SPWOISWD.L vs. NREFISWD.L vs. IVV

UMMA vs. ISWD.L - Expense Ratio Comparison

UMMA has a 0.65% expense ratio, which is higher than ISWD.L's 0.60% expense ratio.

UMMA
Wahed Dow Jones Islamic World ETF
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)

Return for Risk

UMMA vs. ISWD.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
UMMA
UMMA Risk / Return Rank: 7979
Overall Rank
UMMA Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
UMMA Sortino Ratio Rank: 8181
Sortino Ratio Rank
UMMA Omega Ratio Rank: 7777
Omega Ratio Rank
UMMA Calmar Ratio Rank: 7777
Calmar Ratio Rank
UMMA Martin Ratio Rank: 7878
Martin Ratio Rank
ISWD.L
ISWD.L Risk / Return Rank: 8181
Overall Rank
ISWD.L Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
ISWD.L Sortino Ratio Rank: 8282
Sortino Ratio Rank
ISWD.L Omega Ratio Rank: 8181
Omega Ratio Rank
ISWD.L Calmar Ratio Rank: 7979
Calmar Ratio Rank
ISWD.L Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

UMMA vs. ISWD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wahed Dow Jones Islamic World ETF (UMMA) and iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

UMMAISWD.LDifference

Sharpe ratio

Return per unit of total volatility

1.46

1.57

-0.11

Sortino ratio

Return per unit of downside risk

2.01

2.16

-0.15

Omega ratio

Gain probability vs. loss probability

1.28

1.31

-0.03

Calmar ratio

Return relative to maximum drawdown

1.95

1.97

-0.02

Martin ratio

Return relative to average drawdown

7.84

9.37

-1.52

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UMMA vs. ISWD.L - Sharpe Ratio Comparison

The current UMMA Sharpe Ratio is 1.46, which is comparable to the ISWD.L Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of UMMA and ISWD.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

UMMAISWD.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

1.57

-0.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.63

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.66

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.30

0.45

-0.15

Correlation

The correlation between UMMA and ISWD.L is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

UMMA vs. ISWD.L - Dividend Comparison

UMMA's dividend yield for the trailing twelve months is around 1.18%, less than ISWD.L's 1.48% yield.

TTM20252024202320222021202020192018201720162015
UMMA
Wahed Dow Jones Islamic World ETF		1.18%1.02%0.91%1.09%1.77%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
ISWD.L
iShares MSCI World Islamic UCITS ETF USD (Dist)		1.48%1.50%1.74%1.99%2.43%1.98%1.88%2.37%2.39%2.09%2.09%2.62%

Drawdowns

UMMA vs. ISWD.L - Drawdown Comparison

The maximum UMMA drawdown since its inception was -34.17%, smaller than the maximum ISWD.L drawdown of -48.12%. Use the drawdown chart below to compare losses from any high point for UMMA and ISWD.L.

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Drawdown Indicators

UMMAISWD.LDifference

Max Drawdown

Largest peak-to-trough decline

-34.17%

-31.52%

-2.65%

Max Drawdown (1Y)

Largest decline over 1 year

-14.93%

-10.29%

-4.64%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.00%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.90%

—

Current Drawdown

Current decline from peak

-11.65%

-4.72%

-6.93%

Average Drawdown

Average peak-to-trough decline

-10.12%

-3.64%

-6.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.72%

2.33%

+1.39%

Volatility

UMMA vs. ISWD.L - Volatility Comparison

Wahed Dow Jones Islamic World ETF (UMMA) has a higher volatility of 9.94% compared to iShares MSCI World Islamic UCITS ETF USD (Dist) (ISWD.L) at 4.48%. This indicates that UMMA's price experiences larger fluctuations and is considered to be riskier than ISWD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

UMMAISWD.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.94%

4.48%

+5.46%

Volatility (6M)

Calculated over the trailing 6-month period

15.14%

9.59%

+5.55%

Volatility (1Y)

Calculated over the trailing 1-year period

20.94%

16.04%

+4.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.23%

15.38%

+4.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.23%

15.60%

+4.63%